We build a computable general equilibrium model with overlapping
generations of agents and an endogenous growth specification à la
Lucas. Two main issues are addressed: (i) to what extent does
endogenous growth play a significant role in the face of policy
reform and (ii) are the simulation results robust to various
calibrations of the production function of human capital. In this
purpose, we simulate four large policy changes and compare the
predictions with endogenous growth (under various parameter sets)
to those with exogenous growth. If endogenous growth is important
when examining the effects of education reform, it does not really
matter with pension reforms and plays a minor role in the debt
repayment scenario. These results are very robust to calibration.